Michael cuggino on gold

Discussion of the Gold portion of the Permanent Portfolio

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mathjak107
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Michael cuggino on gold

Post by mathjak107 » Sat Aug 08, 2020 2:56 pm

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europeanwizard
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Re: Michael cuggino on gold

Post by europeanwizard » Sat Aug 08, 2020 3:17 pm

Very interesting, thanks for sharing.

What I find funny, is that people are no longer hide they have gold in their portfolio. For example on Reddit, posters used to be silent about it. No longer so.
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Re: Michael cuggino on gold

Post by pp4me » Sat Aug 08, 2020 3:41 pm

What a piker. Peter Schiff says $15k/ounce.
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technovelist
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Re: Michael cuggino on gold

Post by technovelist » Sat Aug 08, 2020 5:32 pm

pp4me wrote:
Sat Aug 08, 2020 3:41 pm
What a piker. Peter Schiff says $15k/ounce.
Exactly.
Another nod to the most beautiful equation: e + 1 = 0
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Ad Orientem
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Re: Michael cuggino on gold

Post by Ad Orientem » Sun Aug 09, 2020 11:34 am

technovelist wrote:
Sat Aug 08, 2020 5:32 pm
pp4me wrote:
Sat Aug 08, 2020 3:41 pm
What a piker. Peter Schiff says $15k/ounce.
Exactly.

With the one exception of his accurate warning of the impending financial crisis of 2008-09, I am hard pressed to think of anyone who has been more consistently wrong in his prognostications than Peter Schiff. One could have made a lot of money over the last ten years by simply doing the opposite of whatever he was recommending.
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Re: Michael cuggino on gold

Post by pp4me » Sun Aug 09, 2020 1:16 pm

I think Ron Paul is saying $3k and Goldman Sachs says it will go another 20% higher. I'm not aware of what, if anything, either they or Peter Schiff says about where it will go from there.

As for me, I'm with Yogi Berra that it's tough to make predictions, especially about the future.
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